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Riverdeep Agrees to Buy Broderbund

Updated Aug. 27, 2002 10:41 a.m. ET

Riverdeep Group PLC, an Irish educational-software maker, said it agreed to buy Broderbund LLC from Gores Technology Group for $57.2 million. Broderbund, Novato, Calif., is known for consumer-software titles such as the Print Shop. It was purchased in 1998 by Learning Co. in a $420 million stock deal. Learning Co. was then bought by Mattel Inc. in 1999 for about $3.5 billion, and sold in 2000 to Gores Technology, a Los Angeles investment firm, for rights to a share of profits. Gores Technology last year sold some Learning Co. educational titles to Riverdeep for $40 million in stock and the assumption of $20 million...